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Interest Rates Charged by a Pawnshop

Question 77

Multiple Choice

Interest rates charged by a pawnshop:


A) can range from 3% per month to over 100% a year.
B) are usually below 5% per year.
C) are normally lower than a bank.
D) can range from 100% per month to over 300% a year.
E) are insignificant.

Correct Answer:

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